Aptiv (APTV) FY2017 results: revenue $12.9 billion, up 5.0% on the year
Aptiv plc (APTV) reported revenue of $12.9 billion for fiscal 2017, the year ended 31 December 2017, up 5.0% on the year before. Net income was $1.4 billion, up 7.8%, and diluted earnings per share $5.06. The figures are the company's own, from the 10-K it filed with the SEC on 4 February 2019.
Revenue
$12.9 billion
+5.0% on the year
FY2010FY2017
Operating margin
11.0%
12.5% a year earlier
FY2010FY2017
Net income
$1.4 billion
+7.8% on the year
FY2010FY2017
Diluted EPS
$5.06
+10.2% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
12,884
12,274
10,864
+5.0%
Cost of revenue
10,270
9,527
8,691
+7.8%
Gross profit
2,614
2,747
2,173
-4.8%
Gross margin
20.3%
22.4%
20.0%
Research and development
882
800
700
+10.2%
Selling, general and administrative
952
924
803
+3.0%
Operating income
1,416
1,539
1,235
-8.0%
Operating margin
11.0%
12.5%
11.4%
Interest expense
140
155
124
-9.7%
Pre-tax income
1,255
1,000
997
+25.5%
Income tax
223
167
161
+33.5%
Effective tax rate
17.8%
16.7%
16.1%
Net income
1,355
1,257
1,450
+7.8%
Net margin
10.5%
10.2%
13.3%
Diluted EPS
$5.06
$4.59
$5.06
+10.2%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
1,468
1,941
1,703
-24.4%
Capital expenditure
698
657
503
+6.2%
Free cash flow
770
1,284
1,200
-40.0%
Free cash flow margin
6.0%
10.5%
11.0%
Cash from investing
-1,252
-578
-1,699
Cash from financing
456
-1,081
-284
Depreciation and amortisation
546
489
344
+11.7%
Share-based compensation
62.0
62.0
67.0
0.0%
Buybacks
383
634
1,159
-39.6%
Dividends paid
310
317
286
-2.2%
Dividend per share
$1.38
$1.16
$1.00
+19.0%
Diluted shares, weighted
268m
274m
287m
-2.1%
Shares outstanding at period end
266m
270m
278m
-1.5%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
3,299
2,401
2,250
+37.4%
Non-controlling interest
218
362
483
-39.8%
Debt
4,149
3,963
4,008
+4.7%
Other liabilities
4,503
5,566
5,232
-19.1%
Total liabilities and equity
12,169
12,292
11,973
-1.0%
Fixed assets
2,804
2,325
2,126
+20.6%
Goodwill
1,944
1,502
1,531
+29.4%
Intangible assets
1,219
1,148
1,383
+6.2%
Cash and equivalents
1,596
737
427
+116.6%
Receivables
2,440
2,130
2,750
+14.6%
Inventory
1,083
859
1,181
+26.1%
Other assets
1,083
3,591
2,575
-69.8%
Total assets
12,169
12,292
11,973
-1.0%
10-K for the year ended 31 December 2017, filed 4 February 2019: the filing.